MGM Resorts (MGM) delivered mixed results in Q2 FY2026 on revenue of $4.5B versus the $4.4B estimate (+1.0% YoY) and EPS of $0.59. The next MGM Resorts (MGM) earnings date is Nov 4, 2026. Below is the full MGM Resorts earnings breakdown — the risk-adjusted verdict, price forecast, technicals, options and hedge-fund 13F holdings, decoded in plain English.
MGM Resorts (MGM) Earnings Analysis — key stats
Next earnings date
Nov 4, 2026
Latest reported quarter
Q2 FY2026
Earnings verdict
Mixed
EPS beat rate
5 of last 8 (quarters above estimate)
Avg next-day move
±5.5% (over the last 8 reports)
Post-earnings direction
Up 2 / Down 6 (of the last 8 reports)
Implied move (next report)
±11.2% (options-derived · into Nov 4, 2026)
Institutional ownership
60.8% (13F as of 2026-06-30)
Top 10 holders
36.6% (of shares outstanding)
Insider activity
8 buys / 4 sells (recent Form 4 filings)
Revenue
$4.5B (vs $4.4B est · +0.8% surprise · +1.0% YoY)
EPS
$0.59 (vs $0.56 est · +5.5% surprise · +522.2% YoY)
Share price
$44.10 (+0.1%)
Market cap
$11.1B
MGM Resorts (MGM) Earnings Analysis — beat / miss history
Quarter
Revenue
EPS
EPS surprise
Next-day move
Verdict
Q3 FY2026
$4.5B vs $4.4B est
$0.59 vs $0.56 est
+5.5%
-1.2%
Mixed
Q2 FY2026
$4.5B vs $4.4B est
$0.49 vs $0.50 est
-1.3%
-2.0%
In line
Q1 FY2026
$4.6B vs $4.5B est
$1.60 vs $0.64 est
+150.0%
+1.5%
Beat
Q4 FY2025
$4.3B vs $4.4B est
$0.24 vs $0.37 est
-35.1%
-3.8%
Miss
Q3 FY2025
$4.4B vs $4.2B est
$0.79 vs $0.58 est
+36.2%
-2.6%
Beat
Q2 FY2025
$4.3B vs $4.3B est
$0.69 vs $0.50 est
+38.0%
-3.0%
Mixed
Q1 FY2025
$4.3B vs $4.3B est
$0.45 vs $0.37 est
+21.6%
+17.8%
Mixed
Q4 FY2024
$4.2B vs $4.3B est
$0.54 vs $0.61 est
-11.5%
-12.2%
Miss
Top institutional holders
Holder
% outstanding
Shares
Value
QoQ change
Davis Selected Advisers
9.3%
23.9M
$1.1B
-1.6%
Blackrock, INC.
4.9%
12.6M
$604.3M
-2.1%
Vanguard Capital Management LLC
4.7%
12.2M
$581.2M
+0.6%
Undisclosed filer
3.6%
9.3M
$451.7M
+100.0%
Undisclosed filer
3.2%
8.3M
$395.2M
-0.4%
State Street Corp
2.7%
7.0M
$337.0M
+0.8%
Invesco Ltd.
2.1%
5.4M
$256.9M
-19.3%
Corvex Management LP
2.1%
5.3M
$255.7M
+0.0%
Geode Capital Management, LLC
2.0%
5.0M
$240.7M
-0.8%
Morgan Stanley
1.9%
4.7M
$226.8M
-3.9%
Recent insider transactions
Insider
Role
Date
Type
Shares
Value
Fritz Gary M
officer: President, Interactive
2026-07-01
Buy
2K
—
Fritz Gary M
officer: President, Interactive
2026-07-01
Sell
903
$42911
Fritz Gary M
officer: President, Interactive
2026-07-01
Sell
2K
—
SALEM PAUL J
director
2026-06-30
Buy
2K
—
Meister Keith A.
director
2026-06-30
Buy
837
—
LEVIN JOSEPH
director
2026-06-30
Buy
732
—
TAYLOR DANIEL J
director
2026-05-22
Sell
7K
$256587
Swartz Janet
director
2026-05-06
Buy
7K
—
What you'll find
Next MGM Resorts (MGM) earnings date, the expected move and the estimates priced in
A clear Beat / Miss / In-line / Mixed verdict the moment MGM Resorts reports
Revenue & EPS versus estimates, guidance and segment trends
Multi-lens price forecast — analyst, quant, technical and options views
Deep research: red flags, risk decoder and earnings-call sentiment
Technicals, options / implied volatility and unusual-activity signals
Hedge-fund and legendary-investor 13F holdings in MGM Resorts (MGM)
Side-by-side peer and historical earnings comparison
Frequently asked questions
When is MGM Resorts's next earnings date?
MGM Resorts's (MGM) next scheduled earnings date is Nov 4, 2026. Magnisto shows the confirmed date, the options-implied expected move and the revenue and EPS estimates Wall Street is modeling into the report.
Did MGM Resorts (MGM) beat or miss earnings?
In Q2 FY2026, MGM Resorts (MGM) posted mixed results — revenue of $4.5B versus the $4.4B estimate (+0.8% surprise) and EPS of $0.59 versus $0.56 expected (+5.5% surprise). Magnisto decodes every MGM Resorts (MGM) report into a clear Beat, Miss, In-line or Mixed verdict and checks whether guidance was raised, held or cut.
How often does MGM Resorts beat earnings estimates?
Over its last 8 reported quarters, MGM Resorts (MGM) beat Wall Street EPS estimates 5 times, most recently a mixed result in Q3 FY2026. Magnisto tracks every MGM Resorts (MGM) quarter's revenue and EPS versus consensus and grades each one Beat, Miss, In-line or Mixed at a unified ±2% threshold.
How much does MGM Resorts stock move after earnings?
Over its last 8 quarterly reports, MGM Resorts (MGM) moved an average of ±5.5% the day after earnings — ranging from -12.2% (Q4 FY2024) to +17.8% (Q1 FY2025). The stock rose after 2 of those 8 reports and fell after 6. Heading into its next report on Nov 4, 2026, options-implied volatility is pricing in a move of roughly ±11.2% (derived). Magnisto tracks the realized post-earnings move for every MGM Resorts (MGM) quarter alongside the beat/miss verdict — past moves don't predict the next one.
Who are the largest shareholders of MGM Resorts?
Institutions hold about 60.8% of MGM Resorts's (MGM) shares outstanding as of the 2026-06-30 13F quarter. Its largest institutional holders include Davis Selected Advisers (9.3%), Blackrock, INC. (4.9%), Vanguard Capital Management LLC (4.7%). Magnisto lists MGM Resorts's (MGM) top 13F holders with each stake size and its quarter-over-quarter change.
Are insiders buying or selling MGM Resorts (MGM)?
In the most recent Form 4 filings Magnisto tracks, MGM Resorts (MGM) insiders recorded 8 purchases and 4 sales — net buying. Insider transactions are one signal among many and are often routine (option exercises or scheduled 10b5-1 sales), so Magnisto shows the raw feed for you to judge.
What is the forecast for MGM Resorts (MGM) stock?
Magnisto blends analyst price targets, quantitative research, technical trend and options-implied moves into a scenario range for MGM Resorts (MGM), anchored to the current $44.10 share price, so you can weigh the bull, base and bear cases for MGM Resorts side by side.
Is MGM Resorts (MGM) a buy right now?
Magnisto does not give buy or sell tips. It gives you the institutional-grade evidence — the verdict, valuation, risks, technicals and hedge-fund 13F flows — so you can decide whether MGM Resorts fits your own thesis and risk profile. This is research, not investment advice.